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The crypto market shows divergence, Bitcoin challenges new highs, and the alts season index has dropped to 24.
BlockBeats news, on May 19, according to Coinmarketcap data, the crypto market shows a divided trend. While Bitcoin challenges new highs, the Altcoin Season Index has dropped from a recent high of 43 to 24. The altcoin index has been on a downward trend since reaching an annual high of 87 on December 4, 2024, falling to a low of 13, and after rebounding to 43 during the May market recovery, it has once again experienced a downward movement. Among the top 100 crypto assets by market capitalization in the past 90 days, 24 tokens have outperformed Bitcoin, with the best-performing alts in the last 90 days being FARTCOIN, FORM, IP, VIRTUAL, BRETT.